Societe Generale’s corporate and investment banking business has implemented European equities trading analysis provided by big xyt.
The move means Societe Generale will gain access to a consolidated view of all European trading venues activity with on-exchange and off-exchange liquidity, including over-the-counter (OTC) equities and systematic internaliser (SI) trades.
Known as the big xyt Liquidity Cockpit, Societe Generale and its clients will be provided with independent granular tick data and an overview of market share across all major European venues. This includes changes in trade conditions or execution venues like SIs.
Richard Hills, global co-head of cash equity execution in prime services at Societe Generale Corporate & Investment Banking, explained MiFID II has brought significant changes to European market structure and the liquidity landscape.
“With big xyt’s web-based Liquidity Cockpit we are able to easily discover and monitor changes within the liquidity landscape and analyse the market quality of new and established venues. This insight contributes to our leading market position,” he said.
CEO at big xyt, Robin Mess, added Societe Generale place digital technology and innovation at the heart of their business and has chosen to work with big xyt to provide a consolidated view of pan-European trading activity.
“The growth of our client community continues to demonstrate how Liquidity Cockpit has become an essential tool in helping users quickly understand the dynamics of fragmented markets and thus optimise trading and execution performance,” Mess said.